THE VALUATION OF LANDED ESTATES. 329 



Brought forward, 82 



Deduct from this, prohable expense of management, and 

 that of preparing it in a fit state for agricultural pur- 

 poses after the removal of the crop both, per acre, . 17 



60 

 From this amount deduct compound interest on it at three 



per cent for eighteen years, 43 19 9 



Present transferable value of crop per acre, . . . 21 3 

 Add thirty-two years' rent of the land occupied, at 15s. per 

 acre, 24 



Present transferable value of land and crop per acre, . 45 3 



The last sum of 45, Os. 3d. must of course be multiplied by the 

 total number of acres in the plantation to arrive at its total value. 



In valuing the third class of timber-trees which I have stated namely, 

 that of full-grown and matured timber-trees it is simply to take their 

 value at the time according to the number of cubic feet of timber there 

 may be in each tree. It very often occurs that large trees have to be 

 valued before they are cut down. There are two methods of doing 

 this. The first is by simply judging of the contents of each tree by 

 the eye ; and the second is to have each tree measured by a long pole 

 to get the length of the stein, and by a girthing-tape to get the side 

 of the square. The first-mentioned method of valuing trees is, in my 

 opinion, the best, when a valuer has had experience in it ; and if a man 

 is in the habit of valuing trees in this way, he can find the contents of 

 each tree very correctly. To get trained to this kind of valuing, the 

 best plan is to judge of the contents of some trees by the eye before they 

 are cut down, and afterwards, when they are felled, have them measured 

 in the usual way with the tape ; and by repeatedly doing this, one can 

 very soon come to judge correctly by the eye. 



The second method of valuing trees by means of a pole and girth- 

 ing-tape is a very slow expensive way, and is not more correct than 

 the first namely, by the eye of an experienced person. I have known 

 cases where timber has been valued three times over first, by an expe- 

 rienced person at sight ; secondly, by three or four men with ladders, 

 poles, and tapes ; and, lastly, by the tape-line after the trees were cut. 

 In the first instance, the one person did the work in a fourth of the 

 time that it took the three or four men to do it ; and after the trees had 

 been measured when cut, it was found that the measurement by the eye 

 was the most correct. It is almost impossible to measure trees correctly 

 when they have large branches growing upon them which come in the 

 way of the tape-line when measuring; and 'consequently, the length 



